A drone video by creative agency Darkhorse documenting progress in the construction of the 137m tall Bjarke Ingels ‘Via 57 West’ in New York – due for completion later this year and dubbed ‘courtscraper’ due to its supposed architectural fusion of European perimeter block and Manhattan skyscraper.
Yesterday members of Property Industry Ireland, Dr. Peter Stafford, Aidan O’Hogan, Tom Phillips, chair of the planning and regulation committee and Ms Marian Finnegan, member of the market supply and demand committee appeared before the Joint Committee on the Environment, Culture and the Gaeltacht to discuss the subject of commercial and domestic property – supply and demand.
Mr Phillips revealed in relation to the one of the reasons developers were not building dwellings is that penal levies were being imposed on them and therefore it was not in their interest to build at this time.
“…the Metro in Dublin adds a levy to certain developments. The Metro is on hold, but the levy is still in place. The levy is there for a 30-year period. If the money has not been spent in 30 years, it can be refunded to the developer. I can think of no other levy that has a 30-year life span. There is another special levy in Kilternan. To build an apartment in Kilternan, one pays a levy of €11,000 per residential unit and then a special levy of over €40,000. It works out at €55,000 per unit in levies. That is apart from a potential windfall tax, Part V social housing and other costs. There are many costs. That is the situation for people who have land at present. It is a tricky point…”
New figures from the Central Statistics Office, released this morning, say the sector which has seen the largest percentage increase in average weekly earnings in the year to Q2 2014, is that of the construction sector.
It has risen 6% from €698.27 to €739.96.
The Arts, Entertainment, Recreation and Other Service Activities sector saw the largest percentage decrease, -5.3%, from €500.42 to €474.13.
Above: the Eiffel Tower in 1888; Christ The Redeemer, Rio de Janeiro (built 1926-1931); Sydney Opera House (built 1959-1973); the Statue Of Liberty’s torch-bearing arm displayed at the Centennial Exposition in 1876; Tower Bridge London (built 1886-1894); Manhattan Bridge (built 1901-1912) and The Golden Gate Bridge San Francisco (built 1933-1937).
Construction aerials (taken yesterday) of the new bus/Luas/cycle/pedestrian bridge over the Liffey, designed to increase footfall on Marlborough and Hawkins Street, providing a north/south link between Abbey Street and Pearse Street.